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Tunisia in brief

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					                  UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT
                                                                                 FDI in brief*: Tunisia
                                                  FDI flows to Tunisia in 2002, the highest in the last twelve years
                             *Complete tables are presented in the Country Profile: Tunisia World Investment Directory online, Africa
FDI flows to Tunisia, in 2002, were the highest since 1990 and almost double the total inflows recorded in 2001. The FDI inflows to Tunisia in 2002 were buoyed
by investment in oil exploration activities and manufacturing sectors. FDI outflows, on other hand, were small but equally edged up in 2002 (figure 1).

Inward FDI stock grew from $11.7 billion in 2001 to $14 billion in 2002. Outward stock also increased from $33 million in 2001 to $37 million in 2002 (figure 2).

The developed countries were the main source of FDI flows to Tunisia, accounting for about 85% of the country's FDI in 2001 (figure 3).

Primary and secondary sectors accounted for almost equal shares of Tunisia's FDI in 2002 (figure 4).

As a percentage of the gross fixed capital formation, FDI inflows has grown in importance from 9.3% in 2001 to a little over
13 % in 2002. For outflows, it was insignificant and had been declining since 1999 (figure 5).

Inward FDI stock was also highest in 2002, at 66% of GDP. Outward FDI stock was low and amounted to 0.2% of Tunisia's GDP in 2002 (figure 6).

The three largest affiliates of foreign TNC in Tunisia originated from the Netherlands and France, and are engaged in petroleum
exploration activities and textile production (table 1).

                                      Figure 1. FDI flows, 1990-2002                                                                                   Figure 2. FDI stock, 1990, 1995 and 2002
                                                  (Millions of dollars)                                                                                                (Millions of dollars)

          Inflows                                                                                      Outflows                            Inflows                                                                        Outflows
 900                                                                                                                  10     16 000                                                                                                    40
                            FDI inflows                                                                                                                      Inward FDI stock
                            FDI outflows                                                                              9                                      Outward FDI stock
 800                                                                                                                         14 000                                                                                                    35

 700                                                                                                                  8
                                                                                                                             12 000                                                                                                    30
                                                                                                                      7
 600
                                                                                                                             10 000                                                                                                    25
                                                                                                                      6
 500
                                                                                                                      5          8 000                                                                                                 20
 400
                                                                                                                      4          6 000                                                                                                 15
 300
                                                                                                                      3
                                                                                                                                 4 000                                                                                                 10
 200                                                                                                                  2
 100                                                                                                                  1          2 000                                                                                                 5

     0                                                                                                                0               0                                                                                                0
           1990     1991    1992    1993    1994    1995     1996      1997    1998   1999   2000   2001   2002                                       1990                          1995                         2002

                            Figure 3. FDI inflows by region, 1994-2001                                                                               Figure 4. FDI inflows by industry, 1990-2002
                                                   (Millions of dollars)                                                                                                   (Millions of dollars)

 800                                  Developed countries                                                                    700
                                                                                                                                                                                            Primary
                                      Developing economies
 700                                                                                                                         600                                                            Secondary
                                      Central and Eastern Europe
 600                                                                                                                                                                                        Tertiary
                                                                                                                             500

 500
                                                                                                                             400
 400
                                                                                                                             300
 300

                                                                                                                             200
 200

 100                                                                                                                         100


     0                                                                                                                           0
             1994            1995          1996           1997          1998          1999      2000           2001                   1990   1991     1992   1993   1994     1995   1996    1997   1998   1999    2000    2001       2002


Figure 5. FDI flows as a percentage of gross fixed capital formation, 1990-
                                  2002                                                                                      Figure 6. FDI stock as a percentage of gross domestic product, 1990-2002
                                                          (Per cent)                                                                                                           (Per cent)

         Inflows                             FDI inflows                                               Outflows                  Inflows                Inward FDI stock                                                Outflows
18                                           FDI outflows                                                            0.25   70                          Outward FDI stock                                                          0.25

16
                                                                                                                            60
14                                                                                                                   0.20                                                                                                          0.20
                                                                                                                            50
12
                                                                                                                     0.15                                                                                                          0.15
10                                                                                                                          40

 8                                                                                                                          30
                                                                                                                     0.10                                                                                                          0.10
 6
                                                                                                                            20
 4                                                                                                                   0.05                                                                                                          0.05
                                                                                                                            10
 2

 0                                                                                                               0           0                                                                                                   0
         1990     1991     1992    1993    1994    1995    1996   1997    1998    1999   2000   2001    2002                         1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
                                         FDI in brief: Tunisia (concluded)
   Table 1. Largest three home-based TNCs, largest three foreign affiliates of home-based TNCs, and largest
                                       three affiliates of foreign TNCs
Company                                         Host/home economy   Industry                              Sales         Employees

A. Industrial

a) Largest home-based TNCs, 2002 (Millions of dollars and number)
  Coficab Tunisie                               Tunisia             Electrical and electronic equipment      134.2            110
  Tunirama Industries                           Tunisia             Electrical and electronic equipment           3.6         300
  Societe Franco Tunisienne des Talons          Tunisia             Rubber and plastic products                   0.7          40

b) Largest affiliates of home-based TNCs, 2002 (Millions of dollars and number)

  Coficab Portugal - Companhia de Fios e Cabos Portugal             Electrical and electronic equipment           24          120


c) Largest affiliates of foreign TNCs in the host economy, 2002 (Millions of dollars and number)
  Societe Shell de Tunisie                      Netherlands         Petroleum                                 99.4             185
  Cablea Tunisie                                France              Textiles                                  43.6           1 450
  Lee Cooper Tunisie                            Netherlands         Textiles                                  36.6             953

B. Tertiary

a) Largest home-based TNCs, 2002 (Millions of dollars and number)
  Societe Tunisienne de L'air                   Tunisia             Transport and storage                    340.1           3 144
  Office National du Tourisme Tunisien          Tunisia             Other business services                        ..        1 000
  Societe Sahelienne de Materiels Agricole et
  Pieces Autos                                  Tunisia             Other business services                        ..           3

b) Largest affiliates of home-based TNCs, 2002 (Millions of dollars and number)
  Societe d' Importation de Pieces Detachees  Ivory Coast           Trade                                         18          130
  Gepa Elektronische Bauelemente Vertriebsges Germany               Trade                                          2            4
  Omega S.A.R.L. Repraesentanz Deutschland Germany                  Trade                                          ..           3


c) Largest affiliates of foreign TNCs in the host economy, 2002 (Millions of dollars and number)
  Tunisian Business Machines                    United States       Trade                                     18.3             60
  Weitnauer Tunisie                             Switzerland         Trade                                      8.0             30
  Tunis Hilton Hotel                            United Kingdom      Hotels                                     6.5            300

C. Finance and Insurance                                                                                  Assets        Employees

a) Largest home-based TNCs, 2002 (Millions of dollars and number)
  ..                                     ..                       ..                                               ..           ..

b) Largest affiliates of home-based TNCs, 2002 (Millions of dollars and number)
  ..                                      ..                         ..                                            ..           ..

c) Largest affiliates of foreign TNCs in the host economy, 2002 (Millions of dollars and number)
  The Arab Investment Company                   Saudi Arabia        Finance                                        ..          10
  Beit Ettamouil Tounsi Saudi                   Saudi Arabia        Finance                                        ..          91
  Citibank N A Offshore                         United States       Finance                                        ..          70

				
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